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S.Africa's Thungela expects strong first-half earnings due to coal prices

The coal exporter, which was spun off from Anglo American Plc last year and listed separately, is expected to release its half-year results on Aug. 15. Anglo American sold off its residual shareholding in Thungela in March.

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South Africa's Amplats reports 43% drop in half-year profit

South Africa's Anglo American Platinum on Monday reported a 43% fall in half-year profit due to weaker platinum group metal (PGM) prices and lower volumes compared with record sales a year ago. Amplats' headline earnings per share (HEPS) - the main profit measure in South Africa - fell to 101.4 rand ($6.02) for the half year that ended June 30, from 176.47 rand a year ago.

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Russia's war spurs renewables, not coal in long run, UK climate envoy says

War in Ukraine will in the longer term accelerate Europe's shift to renewable energy from fossil fuel, Britain's climate envoy said on Thursday, even as it prompts nations to burn more coal over the coming months to offset reduced Russian gas supplies. UK Climate Envoy John Murton was addressing journalists in South Africa, alongside delegates from the United States and European Union countries France and Germany.

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